Construction Analytics
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Ed Zarenski retired (well, semi-retired) in 2014 from a 42 year career in construction, 30 of those years as a building project cost estimator and construction economics analyst. He created the blog Construction Analytics as a place where his readers can find in-depth, behind the headlines commentary related to the economics of building construction.
Construction Analytics
1w ago
Updates to Forecast, spending, starts, inflation, jobs SEE ALSO Construction Analytics Outlook 2024 2024 construction spending will be measured to the avg of 2023, $1980 bil. The average Seasonally Adjusted Annual Rate (SAAR) for 2023 is the total spending for 2023. By Dec the SAAR was already 6% higher than the average for 2023. So we ..read more
Construction Analytics
3M ago
Overall forecast has not changed a lot from the last two months. I’ll add much more to this post in the coming days, but for now here is a summary of spending through November, Inflation through 3rd qtr or Nov where available, and resulting constant dollar volume. As we begin 2024, the current rate of ..read more
Construction Analytics
5M ago
Total Construction Spending in 2023 is forecast at $1,960 billion, an increase of 6.0% over 2022. Nonresidential Buildings spending is leading Construction spending growth. With nine months in the year-to-date (ytd) for 2023, total all construction spending ytd is up 4.6%. Nonresidential buildings spending is up 22% ytd compared to Jan-Sep 2022. Manufacturing last month ..read more
Construction Analytics
6M ago
Revenue does not measure volume Volume is spending minus inflation ..read more
Construction Analytics
7M ago
Revenue does not measure volume Volume is spending minus inflation ..read more